Ripple expands network worldwide for easier transfers

Ripple’s network RippleNet is now live in over 40 countries across six continents, according to a press release.

The company hit the milestone Wednesday as new payment corridors opened up in North America, Asia, Africa, Europe and South America.

Ripple said the new open corridors create more connection points for RippleNet members worldwide. This provides customers with more flexibility when sending money to countries where payments are challenging, according to the release.

Today’s new corridors are in countries where there are large remittance and small business payment needs:

“By opening up new corridors across North America, Europe, Africa and Asia, we’re expanding the global footprint of individuals who can benefit from faster and cheaper cross-border payments,” said Marcus Treacher, senior vice president of customer success at Ripple, in the release. “Whether it’s global banks or technology-forward payments providers like RationalFX, Remitr and Beetech, financial institutions are focused on building connections between themselves so that they can better leverage Ripple’s blockchain technology to help people and businesses in need.”